We advocates of liberty owe Donald Trump a great debt of gratitude. Thanks to Trump it is clearer than ever that most people who call themselves conservatives, and not just those who have lined up with Trump, are no cousins of ours. Freedom is not on their list of priorities. Neither is free enterprise. Nor civil liberties. And I need not mention war, peace, and empire.
Tag: socialism
Socialism: Even Worse in Theory Than in Practice
Even those who harbor no illusions about communism and socialism often make the mistake of dignifying those doctrines by calling them “beautiful theories” or “beautiful utopias”. This is a rather embarrassing mistake, especially coming from those who possess the relevant theoretical knowledge.
The Five Institutions of the Market Economy
Let us see what the basic institutions of the market economy are. We may subdivide them for convenience of discussion into (1) private property, (2) free markets, (3) competition, (4) division and combination of labor, and (5) social cooperation. As we shall see, these are not separate institutions. They are mutually dependent: each implies the other, and makes it possible.
They’ve Always Been Socialists
12 Articles Every Aspiring Economist Should Read
Nothing stirs up controversy in the digital age quite like a list. But lists, especially ones that provide an easily accessible way to learn essential information, have their purposes. Below, I offer 12 articles that I think every aspiring economist should read. Before we get to the list, let me say a few things about how I created it.
Jazz, Intensification, Prisoner’s Dilemma
Send him mail. “Finding the Challenges” is an original column appearing every other Thursday at Everything-Voluntary.com, by Verbal Vol. Verbal is a software engineer, college professor, corporate information officer, life long student, farmer, libertarian, literarian, student of computer science and self-ordering phenomena, pre-TSA world traveler, domestic traveler. Archived columns can be found here. FTC-only RSS…
Wage and Employment without the State
Anti-capitalists and anti-socialists make the same charge against each other: “your economic system wouldn’t exist without the state.” What do they base this charge on? Historic evidence of state capitalism and state socialism. All the popular charges against either economic system is rooted in the statist varieties, not the inherent economic qualities; given, neither system…
On Capitalism II
Capitalism as “the private ownership of the means of production” is defined as such in contrast to Socialism, “the public/state ownership of the means of production.” Therefore, when the means of production (capital) are privately owned by either individuals, partnerships, families, groups, co-ops, communes, or syndics, they are a type of capitalism. Without a state,…
Anarcho-Socialists and Anarcho-Capitalists — Friend or Foe?
Editor’s pick. Written by Darrell Anderson. Exchanging ideas is a challenging process all humans face. Words and language are imprecise and because all knowledge is a result of an interpretive process, exchanging ideas requires much patience between participants. One of the divided areas of ideas are those shared by people calling themselves anarcho-socialists and anarcho-capitalists…
Land Ownership under Anarchism
A continuation of my open letter to anarcho-socialists. Land, as defined in economic science, is all natural resources to which supply is inherently fixed. All economic systems, such as capitalism and socialism, require land, since all capital goods are made from land. Alongside capital and labor, land is one of the factors of production man…